Coeur Mining, Inc. $CDE Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in Coeur Mining, Inc. (NYSE:CDE) by 10.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,088,758 shares of the basic materials company’s stock after acquiring an additional 194,200 shares during the quarter. Bank of New York Mellon Corp owned about 0.33% of Coeur Mining worth $18,506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MAI Capital Management acquired a new position in shares of Coeur Mining in the 1st quarter worth approximately $25,000. Summer Road LLC bought a new stake in Coeur Mining during the first quarter worth approximately $28,000. State of Wyoming acquired a new position in Coeur Mining in the first quarter worth approximately $52,000. Banque Cantonale Vaudoise bought a new position in shares of Coeur Mining in the first quarter valued at $53,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Coeur Mining in the first quarter valued at $60,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CDE has been the subject of several research reports. Wall Street Zen lowered Coeur Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target for the company. in a research report on Thursday, October 30th. Weiss Ratings raised Coeur Mining from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday. Zacks Research raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, TD Securities raised their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Coeur Mining has an average rating of “Buy” and an average price target of $16.32.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CEO Mitchell J. Krebs sold 125,000 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $14.65, for a total value of $1,831,250.00. Following the transaction, the chief executive officer owned 2,197,309 shares in the company, valued at $32,190,576.85. The trade was a 5.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Casey M. Nault sold 102,257 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $12.00, for a total value of $1,227,084.00. Following the completion of the transaction, the senior vice president directly owned 568,623 shares in the company, valued at approximately $6,823,476. The trade was a 15.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 352,257 shares of company stock worth $4,878,334. 1.50% of the stock is currently owned by corporate insiders.

Coeur Mining Trading Down 2.0%

NYSE:CDE opened at $14.81 on Monday. The stock has a market cap of $9.51 billion, a PE ratio of 22.43 and a beta of 1.21. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $23.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. The stock’s 50-day moving average is $17.66 and its two-hundred day moving average is $12.35.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. Coeur Mining had a return on equity of 17.01% and a net margin of 24.03%.The business’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.